Nationwide Financial's head of asset strategies has retired after 16 years with the firm while a senior fixed income manager is set to exit within the next month.
Thomas Hickey, who oversaw 39 multi-asset portfolio which total $30 billion, officially retired on June 30, a spokesperson confirmed.
Hickey joined the firm in 2001 and has been head of asset strategies since 2007.
Andrew Urban and Keith Robinette were appointed as senior directors of asset strategies in May 2017 and replaced Hickey as lead managers on the firm’s asset allocation portfolios in the beginning of July.
Before joining Nationwide in July 2016, Urban was an investment analyst for six years, covering hedge funds for the Ohio Public Employees Retirement System.
Robinette joined the firm in 2012 when he began managing a hedge fund portfolio and led manager due diligence reviews.
Separately, the firm will lose a portfolio manager next month who has been with the firm for almost 20 years and currently oversees three of its fixed income funds.
In August, Joel S Buck will leave the firm, leaving behind the $565 million Nationwide Bond fund, the $213.8 million Nationwide Inflation-Protected Securities fund, and the $40.3 million Nationwide Government Bond fund, according to a SEC filing.
Gary Hunt and Chad Finerock will continue to manage the Nationwide Inflation Protected Securities fund and the Nationwide Government Bond fund.
Buck joined Nationwide Mutual in 1998 and prior to that, was the chief investment officer of Ohio Public Employees Retirement System.